The result of investigations carried out by the Economic and Financial Crimes Commission (EFCC) on the involvement of Nigerians in documents leaked by the Panamanian law firm, Mossack Fonseca, otherwise known as the Panama Papers, will soon be made public, the Acting EFCC Chairman, Mr. Ibrahim Magu, has said.
Magu spoke at the closing session of a workshop organized by the Presidential Advisory Committee Against Corruption (PACAC) in collaboration with the Association of professional Bodies of Nigeria (APBN) at the weekend […]
More prominent Nigerians and companies with hidden assets in Panama, a tax haven were on Thursday made public. According to reports, a leaked internal data of the Panamanian law firm, Mossack Fonsecca, no fewer than 110 Nigerians and companies have been accused to have stashed fortunes in Panama in a bid to avoid taxes.
The newspaper had listed some prominent personalities contained in the current list to include, the owner of telecommunication giant, Globacom, Mike Adenuga; Niger State Governor, Abubakar Sadiq Sani […]
According to reports, a former minister for National Planning owns two expensive and luxurious penthouses in Panama, according to documents from the leaked Mossack Fonseca database.
Mr. Rasheed Gbadamosi, who was recently appointed co-chairman of the Lagos at 50 planning committee, bought the two properties in 2008, while serving as chairman of the Petroleum Products Pricing Regulatory Agency (PPPRA). The report said he paid a staggering N836.8 million ($2.6 million) for the penthouses located in a swanky tower in Panama.
The report […]
No fewer than 12 offshore companies have been linked to the Group Chief Executive of Oando PLC, Mr. Wale Tinubu, who is also a nephew of the National Leader of the All Progressives Congress, Asiwaju Bola Tinubu.
The companies include: Sigma Technology Inc; Techventure Inc; Anglesey Management SA; Caine Trading Corp; Keligh Engineering Corp; Hud Trading Corps; Meridian Procurement International Services Ltd; Lynx Shipping Ltd; Equinox Shipping Ltd; Everglade Oil Inc; Framlingham Ltd and Triton Trading Ltd
The latest revelation was contained […]
In early 2015, an anonymous source using the pseudonym “John Doe” made the massive documents, now known as Panama Papers, available in batches to German newspaper, Süddeutsche Zeitung.
The information documents transactions as far back as the 1970s and eventually totaled 2.6 terabytes of data.
The newspaper, according to Wikipedia, enlisted the help of the International Consortium of Investigative Journalists, which distributed the documents for investigation and analysis to some 400 journalists at 107 media organizations in 76 countries.
The first news reports […]
Panama Papers: I am not a businessman, what God give me is enough – TB Joshua denies owning shell company
Founder of the Synagogue Church of All Nations (SCOAN), Prophet T.B Joshua, has reacted to reports that he has shares in a shell company in Panama.
It was alleged that the leaked data of a Panamanian law firm, Mossack Fonseca, shows that Joshua and his wife, Evelyn, own Chillon Consultancy Limited, a company incorporated on June 20, 2006 at the British Virgin Island (BVI).
In a statement on Tuesday, Joshua said he was shocked to find the report first carried out by […]
Senate President Bukola Saraki has vowed that he would not yield to calls for his resignation as Senate President amid various corruption allegations saying those calling for his resignation were being sponsored by politicians who had always opposed his leadership since he emerged Senate President.
In a message on Friday, by his Special Adviser on Media, Yusuph Olaniyonu, Saraki said he was not contemplating resignation adding that his detractors were trying to circumvent the country’s judicial system.
“There’s a case in the […]
Senator David Mark, former President of the Senate, said Thursday that his hands are clean over claims linking him to having at least eight offshore shell companies while in office and violation of a federal code of conduct law.
Reacting to the development, Senator Mark who noted that he was not directly or indirectly connected to any of the companies registered, operated or managed by the Mossack Fonseca Law Firm, said that those behind the story will hear from his lawyers.
Lt. Gen. Theophilus Danjuma (retd.), A former Minister of Defence, has been named among prominent Nigerians that operated foreign accounts and had foreign companies while holding public office.
German newspaper, Süddeutsche Zeitung, had on Sunday released the Panama Papers, the biggest leak in the history of data journalism, publishing online 11.5 million documents from Panamanian law firm Mossack Fonseca, which showed how prominent people including Senate President, Dr. Bukola Saraki, a former governor of Delta State, James Ibori, ex-Senate President, David […]